If we divide 24,000$ per 365 days, we roughly come up with 65$ per day.

So here it is. It’s my goal! I have to generate 65$ in passive income everyday before I can retire!

Now, it doesn’t sound like a big thing… But what’s my current passive income?

By the end of 2014, I should have a 30,000$ invested in the stock market. My goal is to have a 3,5% initial yield on that investment. So this should yield me 1050$ in passive income of 2,88$ per day.

I also now receive ±10 cents per day from my blogs. Okay I know it’s not a big deal and honestly it’s not true passive income because I spend a lot of time writing, commenting on other’s blogs or reading books or posts on the subject. But since I see it more like a hobby, lets assume it’s passive income.

My journey started in June 2013. That’s when I really decided to create a blog. And in November 2013, I have purchased my first stock. So, already being at almost 3$ per day sounds great!

I believe in the power of compounding interests and you should believe in it too.

While my investments and my blog don’t yield a lot yet, I just started the machine and it feels great to actually see results.

Yesterday, I saw that my dividends from Jean-Coutu have been increased by 17,6% and that Exxon have increased the dividend they pay by 9,5%! This is exactly what I’m talking about when I tell you that you should believe in the magic of compounding interests!

My plan is to retire at or before 45. I’m 32 and I already have been able to generate 3$ per day of “passive income” in less than a year!

I still need to get 62$ per day to reach my goal and I still have 13 years to achieve it!

I feel I’m on the right track!

[author] [author_image timthumb=’on’]http://quityourdayjob101.com/wp-content/uploads/2014/03/ID-10050051.jpg[/author_image] [author_info]Hi, my name is Allan. I’m the masked blogger. Like you I’m a modern slave, prisoner of a 9@5 job in Corporate America. They told us when we were young that we would live in a society of leisure and that technology would permit us to work only a couple of hours per day. But we live in a society of stress and uncertainty. My situation could be a lot worse and I know it. So many humans are suffering on this planet. But a golden cage remains a cage anyway. At least, I have an escape plan. I will retire before 45 years old over my passive income. This is a dream that is so powerful that I will make sure it happens. To build my wealth, I mainly invest in undervalued dividend growth stocks. [/author_info] [/author]

About The Author

Hi, my name is Allan. I'm 33 years old and I live in Canada, one of the best but one of the coldest country in the world! I'm the masked blogger. Like you I'm a modern slave, prisoner of a 9@5 job in Corporate America. But, I have an escape plan. I will retire before my 45th birthday over my passive income. This is a dream that is so powerful that I will make sure it comes true. To build my wealth, I invest in undervalued dividend growth stocks. Follow me! We will retire early! We will retire rich!

3 Comments

Wise move! I am not in my 40’s yet but I am happy to share that I am already earning passive income and it’s quite a lot. You just have to know your market. And you must love blogging, too!Eco-Friendly Woman recently posted…Moving to Canada, An Update

Indeed! Quitting the day job and opting for blogging or any other source where you can earn passively is something one won’t regret.Freedom Through Passive Income recently posted…Life in Canada, 4 Months On

Hi Allan,
Good to know about your retirement plan. Well 65 USD a day looks a lot of money to me. One can even go for a backpack with some savings. I hope you are going great as per your plan.
I do have some similar plans to retire early. I have already made my retirement plan and have made some investments that I believe will help me achive my goals..
Cheers
Jasmeen

Disclaimer

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